Pulling SEC filings + quote and writing the call…

StepStone Group Inc.
Next earnings Aug 5, 2026 · consensus $0.56 EPS, $321M rev
Last earnings -1.0% on 2026-05-20
Fast-growing private-markets manager whose GAAP loss and negative equity are Up-C/consolidation artifacts, not distress — but the data obscures true earnings.
StepStone is a global private-markets investment manager (private equity, credit, real assets, infrastructure) operating under an Up-C holding-company structure. The clean signals are strong: revenue grew 69.7% to $1.99B in FY2026 and the dividend is rising sharply — total dividends paid reached $1.48 per Class A share (from $1.08 in both FY2024 and FY2025), and the board declared a $0.28 quarterly plus a large $0.55 supplemental dividend for FY2026. A manager raising its payout this aggressively is not in operating distress.
Sources: SEC EDGAR (CIK 0001796022, latest 10-K filed 2026-05-27) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:52 PM.
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The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $1.37B | -$67.6M | $712M | $1.17B | $1.99B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $194M | -$18.4M | $58.1M | -$180M | -$536M |
| Diluted EPS | $3.84 | -$0.30 | $0.91 | -$2.52 | -$6.78 |
| Net margin | 14.2% | 27.2% | 8.2% | -15.3% | -26.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1075 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 2 open-market buys · 7 sales
| 2026-06-11 | McCabe Michael I Head of Strategy | Buy | 96.9K @ $41.71 | $4.04M |
| 2026-06-11 | McCabe Michael I Head of Strategy | Buy | 23.1K @ $42.44 | $981K |
| 2026-06-03 | Fernandez Jose A Co-Chief Operating Officer | Sell | 2.29K @ $42.64 | $97.6K |
| 2026-06-02 | Fernandez Jose A Co-Chief Operating Officer | Sell | 85.2K @ $46.41 | $3.95M |
| 2026-06-02 | Fernandez Jose A Co-Chief Operating Officer | Sell | 14.8K @ $47.33 | $700K |
| 2026-06-01 | Fernandez Jose A Co-Chief Operating Officer | Sell | 28.3K @ $47.90 | $1.36M |
| 2026-06-01 | Fernandez Jose A Co-Chief Operating Officer | Sell | 56.2K @ $48.57 | $2.73M |
| 2026-06-01 | Fernandez Jose A Co-Chief Operating Officer | Sell | 12.1K @ $49.78 | $603K |
| 2026-06-01 | Fernandez Jose A Co-Chief Operating Officer | Sell | 3.38K @ $50.59 | $171K |
| 2026-03-31 | Park David Y Chief Financial Officer | Award | 64.00 | |
| 2026-03-31 | Fernandez Jose A Co-Chief Operating Officer | Acquired (C) | 200K | |
| 2026-03-31 | Fernandez Jose A Co-Chief Operating Officer | Disposed (D) | 200K @ $0.00 | $200.00 |